Following the acquisition of YayPay in 2020, the acquisition of Beanworks brings cloud-based Accounts Payable (AP) automation capabilities to Quadient’s business communications management suite featuring Quadient Inspire and Quadient Impress. With a SaaS AP/AR automation offer, Quadient is now positioned to address the e-invoicing regulations in Europe and the demand for cashflow management solutions, bringing control and visibility to accounting teams.
At the closing of the transaction, Quadient will own a majority stake of 96% in Beanworks, with two key leaders retaining a minority equity stake.
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